UK FREEPORTS

UK FREEPORTS

On 7 October, the House of Commons Library published a research briefing which sets out the background to the UK Government policy on proposed freeports.

RISHI SUNAK UNVEILS PLAN TO CREATE ENGLAND FREEPORTS

On 7 October, City AM reported that HM Treasury will soon start taking bids from cities and towns in England to become Freeports next year.  The government announced today that its selection process will begin before the end of the year and will see the first England Freeports set up by the end of 2021.

https://www.gov.uk/government/consultations/freeports-consultation

https://www.gov.uk/government/news/government-outlines-new-plans-for-freeports-to-turbo-charge-post-brexit-trade

Meanwhile, Tax Research also published a post and video suggesting that it was almost impossible to identify any benefits that might arise from this proposal, whilst there were plenty of downsides to all-too-easily spot. 

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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